Course Details

This course is appropriate for a wide range of professionals but not limited to:

• Non-Financial Managers and Team Leads
• Engineers and Technical Specialists
• Sales and Marketing Professionals
• Project Managers and Department Heads
• Administrative and Operations Staff

• Expert-led sessions with dynamic visual aids
• Comprehensive course manual to support practical application and reinforcement
• Interactive discussions addressing participants’ real-world projects and challenges
• Insightful case studies and proven best practices to enhance learning

By the end of this course, participants should be able to:

• Understand the fundamental principles and concepts governing modern accounting practices effectively.
• Interpret and analyze the purpose and structure of the three primary financial statements reliably.
• Utilize key financial ratios to evaluate a company's profitability, liquidity, and solvency accurately.
• Distinguish between operating, investing, and financing cash flows successfully.
• Apply basic financial concepts like time value of money and capital budgeting for decision-making competently.
• Understand budgeting processes and control costs within a department or project efficiently.

DAY 1

Introduction to Accounting Principles

• Welcome and Introduction
• Pre-test
• The basic role and function of financial vs. management accounting
• Key accounting concepts and principles (e.g., accrual vs. cash basis)
• The fundamental accounting equation: Assets = Liabilities + Equity
• Understanding the chart of accounts and the double-entry bookkeeping system
• Recording basic business transactions (revenue, expense, asset purchases)

DAY 2

The Income Statement and Profitability

• Structure and purpose of the Income Statement (Profit and Loss Statement)
• Understanding key components: Revenue, COGS, Gross Profit, Operating Expenses
• Calculating EBITDA, EBIT, and Net Income accurately
• Distinguishing between cost, expense, and investment
• Analyzing profitability ratios (Gross Margin, Operating Margin, Net Profit Margin)
• Vertical and horizontal analysis for identifying performance trends

DAY 3

 The Balance Sheet and Financial Position

• Structure and purpose of the Balance Sheet (Statement of Financial Position)
• Detailed analysis of current assets (cash, AR, inventory) and non-current assets
• Understanding current liabilities (AP, accruals) and long-term liabilities (debt)
• Analyzing the Equity section (retained earnings, common stock)
• Calculating liquidity and solvency ratios (Current Ratio, Quick Ratio, Debt-to-Equity)
• The relationship between the Balance Sheet and the Income Statement

DAY 4

Cash Flow Analysis and Business Finance Basics

• Structure and purpose of the Statement of Cash Flows (CFS)
• Analyzing cash flows from Operating, Investing, and Financing activities
• Distinguishing between cash flow and net income (identifying quality of earnings)
• Introduction to the time value of money (TVM) and compounding concepts
• Calculating Net Present Value (NPV) and Internal Rate of Return (IRR) for project evaluation
• Understanding capital structure (debt vs. equity) and cost of capital

DAY 5

Budgeting, Control, and Financial Review

• Introduction to the budgeting process and types of budgets
• Variance analysis: comparing actual results to budget and identifying causes
• Cost behavior analysis: fixed, variable, and mixed costs
• Techniques for effective cost control and management reporting
• Review of core financial and accounting principles and their business application
• Post-test
• Certificate ceremony